South Norwalk Sublease

South Norwalk

Office Space Market Report

Number of Listings (last 90 days)
9
Median Rate ($/sqft/yr)
$38
Median Size (sqft)
3,750
As of: May 29, 2017

South Norwalk Rates

Most listings are in the $30's per square foot per year. The South Norwalk region is going through a decline in rates. In the last 3 months, the median rate decreased $8 per sqft per year. That's a 17% decrease in rent.

Compared to the rest of the Fairfield market, the South Norwalk region has more expensive rates, and you'll need to make a great offer to be in this hot region.

South Norwalk Listing Supply

In the last 90 days, 9 listings have come on the market, which means new listings are probably going fast. You'll want to be prepared to make an offer immediately. There aren't many listings below 2,000 square feet on the market, so finding a space for a small business might be tough.

Even though the median size is 3,360 sqft, there are still 0 leases below 2,000 sqft. Most properties in this market are approximately 2 floors. Most buildings in this market were built in 1986 and are Class B.

South Norwalk Community

Not much of the real estate is used for commercial space, so it might be hard to find office space. Wholesale trade is the dominant industry in this market. Commute by walking is the most popular way to get to work amongst South Norwalk occupants. Commuting between 30 and 45 minutes a day is the norm for those who opt to reside in this part of town.

Market Report

Trends and status of the commercial real estate market in South Norwalk.
Market Report

Market Data

Real time and historical data on commercial real estate listings in South Norwalk.
Research